LeoYao
Short

Cypher Pattern Short At 2073 For SPX500

FX:SPX500   S&P 500 Index
269 5 11
Pay attention to the cypher pattern plotted in the chart. Short at Point D based on price action.
I see two scenarios playing out. What you describe or a structure based upon the B to C movement. Good Job
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LeoYao Quantum_Maryland_Capital
You are correct, dude. And you also can trade C to D movement. The most profitable trade is after D.
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Leo, I was less than clear. An alternative formation, likely a bat, using the existing BC but with a new D.
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LeoYao Quantum_Maryland_Capital
I usually use lowest price or highest price to plot harmonic pattern. in your alternative formation, note that there are two more candles hitting lower than C in your 4h chart. But your finding may still be valid once price D have some obvious resistance. It's also possible it may complete my Cypher first then complete your BAT as your timeframe is longer than mine.
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Agree. I am not wild about my C
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